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First Time Buyers with Halifax
Hey guys! First time poster, first time buyer! Go easy on me! So we've had an independent financial advisor (IFA) on our mortgage case. We had problems with 5% as I'm a director and only have 2 years accounts where I was involved. Either way, we've managed to secure an 18% deposit. Initially at 5% we didn't get an…
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Section 106 and Leeds BS.
Hi all, I'm at the business end of selling a shared ownership flat which is covered by a section 106 agreement. We were due to exchange on Wednesday but the buyer's lender (Leeds) then had a problem with the 106 agreement, specifically the length of time the lender would have to find a buyer who meets the eligibility…
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First time buyer advice
Hi, this is my first ever post on money saving expert and I have only just joined the forum! I am looking for some advice for a first time buyer. I am saving for a mortgage with my boyfriend, between us we have a help to buy ISA and a regular ISA (as we save more than £200 per month) Could anyone please explain the…
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Increasing mortgage amount after offer?
Hello folks, I am purchasing a property in London using the full 40% equity loan that is available with HTB London. The affordability was very tight, but HTB approved my purchase and I have received a mortgage offer. Completion is at the end of February. I have just had an unexpected pay rise that (according to the HTB…
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Barclays/Woolwich Mortgage wait times
Hi All My full mortgage application was put in on 17/11 and got a text Monday to say the valuation would be carried out 23/11. Has anyone recently applied with Barclays. How long did you wait from valuation to offer, I cannot stand the not knowing. Thank you
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Help to buy ISA in this scenario?
I am looking at moving in with my girlfriend next year. She currently has a mortgage, however we are going to extend the mortgage on her current property by 60k, and add me to the deeds. Obviously protecting her current equity as hers. what I was wondering was if I qualify for a help to buy ISA in this scenario? I've never…
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Default and mortgage query
HI, In Feb-April this year I was issued with a number of defaults. I am currently on a token payment plan with Stepchange, I plan to pay the debts off with F&F settlements in Jan/Feb time. I am also in the process of selling my house and would like to buy with my partner (who has good credit history). So, I will have £315k…
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Mortgage overpayment advice please
Hi all, Looking for advice/opinions on my current situation please. Some background information: I bought my first house at 21 in May 2016 (58k mortgage); it was in a dire state but approximately 20k less than surrounding properties. Having spent 3 month renovating (I know a lot of tradesmen and not afraid to get hands…
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Do you think we'd get a mortgage?
Hello, We are looking to buy next year but before we saw a broker to go into full details I wanted to get an idea if this is workable? Joint earnings : £55k basic but with commission/bonus on top about £65k. Only debts £2.5k currently but this is being paid off so will only decrease! Hoping to look for properties up to…
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Tricky Situation
I own a property in a small amount of negative equity. Approximately £10k. I have 20 years of a 30 year mortgage outstanding. Three years ago I completed a lump sum IVA. There are loans from prior to the IVA which were included in the IVA that appear as still active and in monthly defaults. I don't currently have the…
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First time buyer query
Hi New to to the forum and spent ages looking at various posts which gave me loads of info. Myself and my partner plan to start looking for our first house early next year. I have a couple of worries, he lives at home, never had or needed credit. I've had credit in the past by everything is paid and neither lives in an…
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life-span of a mortgage offer
What is the typical period of time a mortgage offer is valid for before it expires?
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Buying to Let
Hello, Ayear ago i inherited a flat and sold it to buy a house in the North. I have used some of the money to pursue a teaching career, so I am currently a postgrad student. I want to invest my money into buying a flat to let. I do not have the full amount to buy it. I could do 45% deposit. However as I have no technical…
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Help to Buy in London
Does anyone else feel a bit disgruntled with HTB in London? £600k gets you absolutely nothing. I don't want to live in an apartment that costs £600k or a house in some dodgy 'up and coming' area that still has 50 takeaways on the highstreet or a plane overhead every 90 seconds. I earn a really good salary (£100k) but it's…
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Mis-sold endowment mortgage
I complained to my mortgage supplier that it mis-sold me my endowment mortgage; they upheld my complaint but have offered - based on my IFA's calculations - a totally inadequate compensation amount. My mortgage supplier refuses to let the Financial Ombudsman Service investigate my complaint because, they say, it's over 6…
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Help with mortgage calculation
Hello all Wondering if anyone can help me with a payment calculation. My husband and I are looking at moving house, we have a 50,000 deposit plus whatever equity we get from our own home but this probably won't be much more than 10-20000. We will obviously be going through our finances and will seek help from either a…
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Mortgage downvaluation being used to negotiate price from a potential buyer
Hi I'm looking for advice after a weird scenario that seems really fishy to us. We recently applied to remortgage our property and move to a buy to let mortgage to release capital to buy a new house. Initially we were going to go with our current lender and they valued the house ok, then a better deal came up with another…
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Direct Debit issues!
Hi, I'm seeking any advice or anyone that has had a similar issue... My mortgage direct debit goes out on the 28th of every month and has done for the past 8 years... However on a couple of occasion where funds were not transferred in time the first attempt at direct debit failed. We were told by mortgage company that an…
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mortgage for dependent relatives property
Is there a product for dependent relatives -i.e. parents living in a house? They will not pay rent to us - my brother and I who are buying the house. It will only be about 40% mortgage.
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Possibly a daft question
Afternoon We are looking at selling our house and if nothing becomes available that we want, we are going to rent a while until we do find something, would we be classed as first time buyers if this happens thanks sam
